Huya Rises After Second: quarter results, declares special cash dividend

HUYA

13/08/2024 17:10

** Shares of Chinese live streaming platform HUYA  HUYA.N 
jump 15.2% to $5.14 in day trading; currently trading over
two-month high 
    ** Company reports second quarter adj. earnings of 41 fen
($0.06)​​/shr, below analysts' expectations of 50 fen/shr - LSEG
data
    ** Revenue fell 19.2% YoY to RMB1.54 bln ($212.1 mln) vs
RMB1.83 bln for the same period a year ago
    ** HUYA announces $250 mln worth special cash dividend of
$1.08/ordinary shr, or $1.08/ American depositary share (ADS)
    ** Majority of brokerages rate stock "buy" or higher; their
median PT is $5.7
    ** Including session's moves, HUYA up 62.6% YTD

($1 = 7.1558 Chinese yuan renminbi)

 (Reporting by Nikhil Sharma in Bengaluru)
 ((Nikhil.Sharma@thomsonreuters.com;))